Pakistan Economy $313 Billion in 2017 : IMF

[Khan_21]

http://www.imf.org/external/pubs/ft...&ds=.&br=1&c=564&s=NGDP,NGDPD,PPPGDP&grp=0&a=

So IMF 2017 figures for our economy is 32,837.900 (Billions in rupees ) which is around $313 Billion in USD . Meanwhile PPP has crossed $ 1 trillion .

 

[Talwar e Pakistan]

Woah... if this is true, then our economy is definetly growing at a much faster pace than 4-5%.

 

[Kabira]

Dissatisfied with size of Pakistan’s economy, Dar authorises World Bank study

https://defence.pk/pdf/threads/diss...onomy-dar-authorises-world-bank-study.492670/

WB study will take a year to completle. Should cross $400 billion after that.

 

[Hakikat ve Hikmet]

Plus the undocumented part. In Pak I think the previous studies showed it's ~100% of the documented one. In comparison, it's ~40% for Turkey. For Pak secrecy is the way to go - be it nukes, diplomacy, alliances or economy!!!!

 

[Awan68]

Plus the undocumented part. In Pak I think the previous studies showed it's ~100% of the documented one. In comparison, it's ~40% for Turkey. For Pak secrecy is the way to go - be it nukes, diplomacy, alliances or economy!!!!

Does turkey have a gdp rebase scheduled in the next 2 yrs?

 

[Hakikat ve Hikmet]

Does turkey have a gdp rebase scheduled in the next 2 yrs?

I have no clue. If I find something I'll let you know. The most emphasis is now being given on the promotion of TL in the foreign trade and investment. Already advanced stages of cooperation are going on with Russia/Iran etc. IMO, KSA/GCC/Pak/... should be the next in line with the 40-nation coalition!!!!!

 

[LA se Karachi]

Glad to see Pakistan cross the trillion dollar mark in PPP. Good job!

 

[Awan68]

I have no clue. If I find something I'll let you know. The most emphasis is now being given on the promotion of TL in the foreign trade and investment. Already advanced stages of cooperation are going on with Russia/Iran etc. IMO, KSA/GCC/Pak/... should be the next in line with the 40-nation coalition!!!!!

After a rebase i rate turk economy to be above a trillion, the streets n cities of turkey definately look the part and yep good days ahead for asian, middleeastern n turkish economy, western economic supremact is fast fading...

 

[BetterPakistan]

Dissatisfied with size of Pakistan’s economy, Dar authorises World Bank study

https://defence.pk/pdf/threads/diss...onomy-dar-authorises-world-bank-study.492670/

WB study will take a year to completle. Should cross $400 billion after that.

What exactly World Bank is gonna do?? Re-basing the GDP?? If yes than only rebasing or any efforts to bring informal economy to formal sector also?

 

[Nilgiri]

Woah... if this is true, then our economy is definetly growing at a much faster pace than 4-5%.

Nominal figures in USD do not represent the real growth in local currency that you are talking about exactly.

IMF has put real growth in 2016-17 for pakistan to be around 4.7%.

The interplay with USD (relative exchange rates, relative inflation rates etc) will normally add on top of this figure when we talk about nominal terms in developing countries. In pakistan's case it would probably come to around the 10% region....but impact of this on average Pakistani would be felt less than the real growth given trade/forex exposure is still low in the region. Thats why nominal growth in another's currency is rarely quoted as the growth figure for any country.

 

[[--Leo--]]

growth rate is down loan is increasing exports are decreasing even pakistani people investing outside because of currption because you can't business in pakistan without giving bribe there is no law implementation those who have power can do anything no acountibility for ruling party in which ever province you are results are the same no justice for poor people
and you still think pakistan's economy is good and increasing at what cost

 

[Nilgiri]

So IMF 2017 figures for our economy is 32,837.900 (Billions in rupees ) which is around $313 Billion in USD .

IMF has a "weird" way of applying exchange rate to their calculation for USD nominal. I believe they weight it by many currencies according to the trade you do (i.e not all trade is done with the US) with them (and their effective exchange rates with the USD come into play). Its why I believe when you look up say India's figures (which do have published nominal estimates up to 2021)...the actual divisor (exchange rate with USD) comes to a figure lower than the one we see on the forex market because INR is not as undervalued with India's other major trade partners compared to the USD. It's sort of like semi-bringing in what PPP does but in the trade/forex realm.

So the IMF publishing of the Pakistan nominal USD size when it comes out (they don't tend to do estimates for Pakistan for some reason)...will probably be different to 313 billion and which side it is on will likely indicate the PKR strength vis-a-vis its other major trading partners currencies compared to its strength with the USD.

 

[Kabira]

Pakistan official GDP estimate for 2016-17 is Rs33,509b ($319b) if growth rate was 5.7% and inflation 6%. We will get actual revised figures this month when next budget is presented.

page 47
http://www.finance.gov.pk/budget/Budget_in_Brief_2016_17.pdf

For 2017-18 GDP estimate is $362b and growth rate 6.2%, inflation 6%.

 

[Thəorətic Muslim]

@Nilgiri are you available May 18 to take my Macro final for me?

 

[Nilgiri]

Pakistan official GDP estimate for 2016-17 is Rs33,509b ($319b) if growth rate was 5.7% and inflation 6%. We will get actual revised figures this month when next budget is presented.

page 47
http://www.finance.gov.pk/budget/Budget_in_Brief_2016_17.pdf

For 2017-18 GDP estimate is $362b and growth rate 6.2%, inflation 6%.

When will the census results be released btw?

@Nilgiri are you available May 18 to take my Macro final for me?

hehe....how far are you in school wise?